Category Archives: Finance/Banking

Small Banking Has Big Rewards

Greater State Bank President and CEO David Salinas in front of the vault.

David Salinas’ first job in banking was to make sure the candy bowls for customers were kept full at First State Bank on the downtown square in his hometown of Edinburg. Building on that modest start, Salinas has lived a full career in banking that includes working for the Office of the Comptroller of the Currency before working for large regional banks like Texas Commerce Bank, International Bank of Commerce…

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Texas Regional Breaks Ground on Corporate HQ

Texas Regional Bank President and CEO Paul Moxley gestures during his remarks at the groundbreaking ceremony for the bank’s new corporate headquarters.

As Rio Grande Valley temperatures plunged with a blast of winter weather, members of the Harlingen business community huddled together under a tent for a groundbreaking ceremony to mark the start of construction of Texas Regional Bank’s corporate headquarters. Just a few days earlier the bank opened its newest Harlingen branch in a temporary building at Stuart Place Road and Expressway 83, right next door to where the new banking…

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IBC Helps Open Another Minitropolis

Brownsville area elementary school launches Cowboyville The IBC Bank Minitropolis program has expanded yet again, allowing more students to see how a community works together for the good of its citizens. Rosita del Castillo Elementary and IBC joined together Oct. 19 to hold a ribbon cutting and launch the school’s edition of Minitropolis, Cowboyville. Through the program, all students hold a variety of real world positions, depending on both individual…

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UTRGV online MBA ranks nationally

The University of Texas Rio Grande Valley is sixth in the nation among the 50 most affordable online Master of Business Administration in Financial Planning degrees

Program is sixth for financial planning According to master-of-finance.org, the University of Texas Rio Grande Valley is sixth in the nation among the 50 most affordable online Master of Business Administration in Financial Planning degrees. The recognition comes in part from multiple start dates throughout the year, thus allowing students to start shortly after acceptance. Another aspect of recognition are program features that save students time and money. The ranking…

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How to Calculate Taxes on IRA Income

calculating taxes on IRAs

Calculations vary with contributions and earnings In last month’s article, I wrote about the mistaken idea some people have that they earn too much to benefit from a Roth IRA.  The Tax Increase Prevention and Reconciliation Act, passed by Congress in 2005, effectively opened up a legal avenue to make contributions to a traditional IRA, and then convert all or part of the funds to a Roth. Let’s dig a…

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Don’t Think You Earn Too Much For A Roth IRA 

When Roth IRAs were created in 1997, they were an exciting new idea. They provided a way to make after-tax contributions that could, under certain conditions, grow entirely free of federal income taxes. Prior to that, traditional IRAs worked basically the other way around — you could make deductible contributions, but distributions would be fully taxable. The law also allowed taxpayers to “convert” traditional IRAs to Roth IRAs by paying…

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Millennial Investors: The "Slow and Steady" Generation

Millennial investors bring changes to investing With some $30 trillion poised to change hands over the next several decades from parents and grandparents to so-called Millennials – those 90-million-plus Americans aged 18 to 33 – the financial services industry will have its work cut out for it. Popular investing wisdom states that the younger you are, the more time you have to ride out market cycles and therefore the more…

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Public Education Commitment Earns LSNB Gold

Lone Star National Bank's Cowboy Cash visits Jensen Elementary School in McAllen

public education ranks high for Lone Star National Bank, and it earns gold Lone Star National Bank has received the State Board of Education’s Employers for Education Excellence Gold Award for 2016. This marks the first time ever a Rio Grande organization has won the award. Then bank is one of four Texas businesses recognized for for its ongoing support and commitment to Texas public education. Winners in the Gold Award category have…

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Accounting firm Long Chilton, LLP Merger

Long Chilton LLP has merged with Carr, Riggs & Ingram, LLC and will carry the CRI name.

Local accounting firm Long Chilton, LLP joins top 25 national firm Carr, Riggs & Ingram, LLC Rio Grande Valley Long Chilton, LLP has merged with the CPA and advisory firm Carr, Riggs & Ingram, LLC. Long Chilton is the largest locally owned accounting firm in the Rio Grande Valley with Brownsville, Harlingen and McAllen locations. The local offices’ workforce of 10 partners and nearly 90 professional staff members join CRI’s…

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